CHAP. 264.—An ACT to incorporate the Newport News street
railway company.

Approved February 18, 1890.

1. Be itenacted by the general assembly of Virginia, That
C. B. Orcutt, Theodore Livezey, T. E. Morris, I. E. White,
W. Hz. Post, T. K. Chandler, R. H. Wynne, B. D. Chandler,
and Carter M. Braxton, and such other persons as may be
associated with them, be, and they are hereby, constituted
a body corporate and politic, by the name and style of the
Newport News street railway company.

2. The capital stock of said company sirall not be less
than ten thousand dollars, nor more than fifty thousand
dollars, to be divided into shares of one hundred dollars
each.

3. The said company shall have power and authority to
construct, equip, and operate a railroad within the limits
of that portion of Newport magisterial district, in the
county of Warwick, known as Newport News, and use the
streets and public roads in said Newport magisterial dis-
trict, with the consent of the board of supervisors of said
Warwick county: provided, however, that such use shall
in no way obstruct the Chesapeake and Ohio railway.

4. The said company may extend its railroad to such
point in the county of Elizabeth City as may be agreed
upon by the board of supervisors of said Elizabeth City
county: “provided, that said railroad shall not extend
east of Hampton.”

5. It shall be lawful for said company to transport pas-
sengers, freight, and baggage, and to collect fare and
tolls for the same, and may use horses, mules, steam, or
electric power to propel the cars on said road, and in gen-
eral shall have all such powers, privileges, rights, and
franchises as may be necessary to successfully accomplish
and carry out the purposes of the incorporation.

6. The said company shall have power and authority to
lease its said road, to borrow money for the uses of the
corporation, to issue its bonds or notes for the same, and
to secure such bonds or notes by deeds of trust or mort-
gages on all or a part of its property.

7. The said company may acquire, purchase, accept,
hold, enjoy, and convey any property, real or personal or
mixed, that may be necessary or profitable for the pur-
poses of its incorporation, or which it may acquire in the
progress of its business.

8. The incorporators herein named, or any five of them,
after proper notice of the same is given, shall proceed to
receive subscriptions to the stock of said company, and
when the minimum amount of stock shall have been sub-
ascribed, such subscribers for stock may organize, and shall
be authorized to proceed to the construction of said rail-
road.

9. All taxes due by said company shall be paid in law-
ful money and not in coupons.

10. This act shall be in force from its passage.

CuHAP. 265.—An ACT to incorpprate the Shenandoah Mining and
Manufacturing company.

Approved February 18, 1890.

1. Be it enacted by the general assembly of Virginia,
That Richard KE. Byrd, T. W. Harrison, A. R. Pendleton,
William Riely, C. M. Perry, M. W. Steele, John W. Rice,
Henry Laughlin, George E. Bushnell, C. S. W. Barnes,
H. H. Baker, and William H. Baker, of William B., and
such persons as may be associated with them and their
successors, are hereby created and constituted a body
politic and corporate.by the name and style of the Shen-
andoah mining and manufacturing company, and by such
name shall have perpetual succession, may contract and
be contracted with, sue and be sued, make and use a com-
mon seal, and alter the same at pleasure, and make and
Maintain such by-laws, rules, and regulations for the
government of said corporation and the conduct of its
business as may be deemed necessary, not to conflict with
the laws or constitution of this state or of the United
States.

2. The capital stock of said company shall not be less
than three thousand dollars, to be divided into shares of
fifty dollars each, and the same may from time to time be
increased by ‘additional subscriptions or the issue and
sale of shares to such amount not exceeding two million
five hundred thousand dollars, as the stockholders at any
general or special meeting may authorize or prescribe.
The said company may receive subscriptions to its capi-
tal stock or payment for its shares so issued, in money,
Jand, or other property upon such terms as may be agreed
or authorized by the board of directors, and said company
may give a preference to a portion of its capital stock
over the residue thereof as to dividends and the payment
thereof. .

3. The incorporators hereinabove named, or any three
of them, may receive subscriptions to the capital stock of
said company, and when the minimum capital of three
thousand dollars shall have been subscribed, the said sub-
scribers may organize said company by the election of
five directors, of whom they shall elect one as president,
to remain in office one year, and until their successors are
elected, unless sooner removed by the stockholders. After
organization as aforesaid, the stockholders at any general
meeting may change the number of directors, and may
provide for the proper government of the corporation by
such by-laws as they may deem fit and proper, as herein-
above authorized. The board of directors may appoint or
authorize to be appointed, such subordinate agents and
officers of the company as they may deem necessary and
proper for the proper dispatch of the business of the com-
pany.

4. The said company is hereby authorized to carry on
the business of developing, producing, and dealing in
iron, coal, and other ores, metals, and minerals, salt, oil,
natural gas, marble, lumber, and other natural materials,
and of mining, working, quarrying, smelting, manufac-
turing, transporting, and vending the same, and may con-
duct such business at one or more points in the counties
of Frederick, Clarke, Warren, Shenandoah, Augusta, Page,
Loudoun, Campbell, and Appomattox, or either of them,
and in such other counties of this or any adjoining state
in which the company may deem it proper to acquire
property or establish works for that purpose; and for
these purposes the said company shall have authority to
buy, hold, sell lease, or otherwise dispose of any real or
personal estate deemed necessary to the proper prosecu-
tion of its business, and may on any property so acquired
erect and maintain buildings, machinery, and structures
needful for smelting, manufacturing, and treating ores,
metals, and minerals of whatever kinds, or for the produc-
tion of manufactured products from wood, stone, wool,
cotton, hemp or other materials, and may operate, lease,
sell or otherwise dispose of the same; and may on its own
lands contiguous or adjacent to any such manufactory or
works erected or to be erected, survey and lay out lots,
squares and other divisions of such lands and improve
the same by buildings or otherwise, for sale, lease, or
other disposition or use, and may establish such lawful
rules and regulations in the use thereof as the board of
said company may deem best to secure the comfort and
welfare of the occupants and others engaged or interested
in any manufactory or works there established or to be
established; and the said company may, in connection
with the use or improvement of any of its properties make,
build and operate any canals or waterways, tramways, or
railways,operated by horse or steam power, any such railway
not to exceed in length fifty miles, and for this purpose,
when necessary, may acquire by contract or condemnation
such lands or other property or rights of way as may be
necessary therefor, proceeding for such condemnation to
be in accordance with chapters forty-six and forty-seven of
the code of Virginia and the laws amendatory thereof:
provided, that in case of the construction of any railway
to be operated by steam power, and the condemnation of
land therefor, as above provided, the said company in that
event, as to such railway, shall be subject to all the duties,
obligations, and restrictions of common carriers as pre-
scribed by law.

6. It shall be lawful for said company to sell its bonds
from time to time for such sums and on such terms as its
board of directors may deem expedient and proper in the
prosecution of any of its works or business, and may
secure the payment of the principal and interest thereof
by mortgages or deeds of trust upon all or any portion of
of its property, rights and franchises, including its fran-
cise to be a corporation; and it shall be lawful for said
company to subscribe to and hold shares in the capital
stock of any railroad company or other corporation when-
ever the board of directors shall deem it to be to its inter-
est todo so. Each stockholder in said company shall be
entitled to one vote for each share held by him, and no
stockholder shall be held individually liable for the debts
and liabilities of the company in a larger or further sum
than to such amount as may be due and unpaid severally
upon his stock subscription. There shall be no limit,
except as the by-laws of the company may prescribe, upon
the number of shares of stock which any stockholder may
hold, and four-fifths of the capital stock of the company
may ‘become the property of less than five persons, and the
majority of the stock may, for more than six months, be
the property of one person.

6. The acceptance of this charter, and organization there-
under, shall be deemed to be a waiver by said company of
any right to pay taxes or dues or assessments hereafter
made from said company to the state of Virginia in cou-
pons of this state, and shall be taken as an agreement on
the part of said company to pay all of said taxes, dues and
assessments in lawful money of the United States.

7. This act shall he in force from its passage.

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CuaP. 266.—An ACT to incorporate the National Land, Lumber,
Quarry and Improvement company.

Approved February 18, 1890.

1. Be it enacted by the general assembly of Virginia,
That L. D. Yarrell, of Greenesville county, Virginia; J.
M. Mullen, of Petersburg, Virginia, and W. G. Elliott, and
G. M. Serpell, and Thomas W. Miller, or such of them as
may accept the provisions of this act, be, and are hereby,
constituted a body corporate, under the name and style of
the National land, lumber, quarry and improvement com-
pany, and under that name shall. have perpetual succes-
sion and a common seal, which they may alter or amend
at pleasure; shall sue and be sued, plead and be im-
pleaded, contract and be contracted with, and have and
exercise all the powers and privileges of a corporation
granted by the general laws of the commonwealth, not
inconsistent with the terms of this act.

2. The capital stock of said company shall not be less
than ten thousand dollars, which may be increased to two
hundred and fifty thousand dollars, in shares of one hun-
dred dollars each, and the directors may receive real or
personal properties or services in payment for subscrip-
tions, at such valuation as may be agreed upon.

3. The said company is authorized and empowered to
purchase, hold, own, lease and control in any manner,
grant, bargain, sell, mortgage, convey and otherwise dis-
pose of any real or personal estate or standing timber in
this state or elsewhere: provided, said company shall! not
hold more than twenty thousand acres of land in any one
county at the same time, and to Jay out said lands, or any
part thereof, into parcels or lots of convenient size, with
intervening roads, lanes, streets and alleys, and develop,
work, improve and cultivate, or otherwise use or dispose
of the same in such manner and upon such terms as the
said company may think proper.

4. The said company is authorized and empowered to
mine and quarry coal, iron ore, marble, stone, and other
mineral substances, and to prepare and manufacture the
same for use and sale in all manner of forms it may
adopt, and to manufacture and prepare for market and
sale timber and stone, and all other raw materials, mine-
ral or vegetable, and for this purpose may erect and oper-
rate all kinds of mills, works, furnaces, coke-ovens and
machinery of any and every description for the enjoy-
ment of the privileges herein granted to the fullest and
most ample extent.

5. The above named corporators, or such of them as shall
accept the provisions of this act, shall be the directors for
the first year, and shall elect a president and appoint a
secretary and treasurer, and the board shall have power to
manage and control the affairs of the company, and to
adopt such by-laws and regulations as may be enacted by
the stockholders; and the time, place and manner of hold-
ing meetings of the stockholders, the declaration of divi-
dends, and the mode of conducting the business of the
company shall be fixed by the by-laws. Each stockholder
shall be entitled to cast one vote in every meeting of the
stockholders for each share of stock held.

6. The said company shall have the right to build tram-
ways or railroads, to be operated by steam or horse power,
to connect their saw-mills, quarries, lands, manufacturies,
or other works with the nearest railroad, and said com-
pany shall have the right to build tramways or railroads
to connect their lands, saw mills, quarries, and other works
that may be located in Greenesville county, Virginia, with
both the Petersburg and Weldon railroad and the Atlan-
tic and Danville and Merherrin Valley railroads, in said
county; and the said company shall have the right to
acquire the rights of way necessary to build said tramways
or railroads, not exceeding sixty feet in width, and land
not exceeding two acres in any one parcel, by condemna-
tion, as the company may deem necessary for the trans-
action of its business; and if the company and owners
thereof cannot agree as to the compensation to be paid
for the said rights of way of said parcels of land, not ex-
ceeding two acres in any one parcel, the matter shall be
settled as is provided in chapter forty-six of the code of
Virginia of eighteen hundred and eighty-seven.

7. The company hereby agrees to pay its taxes and dues
to the state of Virginia in legal money of the United
States and not in coupons.

8. This act shall be subject to amendment or repealed
by the general assembly of Virginia.

9. This act shall be in force from its passage.

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CHaPp. 267.—An ACT to amend and re-enact an act approved
March 17, 1884, entitled an act toincorporate the Petersburg and
Chesterfield railroad company, as amended and re-enacted by an
act approved May 6, 1887, entitled an act to amend and re-enact
sections 2, 5 and 7 of the charter of the Petersburg and Chester-
field railroad company.

Approved February 18, 1890.

1. Be it enacted by the general assembly of Virginia,
That the act approved March seventeenth, eighteen hun-
dred and eighty-four, entitled an act to incorporate the
Petersburg and Chesterfield railroad company, as amended
and re-enacted by an act entitled an act to amend and
re-enact sectious two, five and seven, approved May sixth,
eighteen hundred and eighty-seven, be amended and re-
enacted so as to read as follows:

§2. The said company may construct and operate a steam
or electric railroad from Petersburg to Matoaca, or from
Petersburg to any point on the Brighthope railroad, in the
county of Chesterfield: provided, said road shall not cross
any railroad now running at grade.

85. It shall be lawful for the Petersburg and Chesterfield

56
railroad company to issue bonds for its construction and
equipment, and to secure payment of the interest and
principal of the same by a mortgage or deed of trust upon
its property, franchises, and so forth.

§7. That work upon the Petersburg and Chesterfield
railroad shall be commenced within two years and com-
pleted within ten years from the date of the passage of
this act.

2. This act shall be in force from its passage.